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Registered
Join Date: Nov 2003
Location: West of Seattle
Posts: 4,718
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Capital Gains Tax Implications on car sale?
Ok, another random question for the OT Brain-Trust: Let's say that I bought an old VW (1970), and that I spent several years and a lot of money restoring it. Now, let's say that I'm selling it. Obviously, I'm selling at a substantial loss, which sucks, so I'm wondering if there's any offset to the suckiness in claiming some kind of loss on my taxes?
Thanks in advance.
Dan
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'86 911 (RIP March '05)
'17 Subaru CrossTrek
'99 911 (Adopt an unloved 996 from your local shelter today!)
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